📈 Trends In The Digital Advertising Industry
Internet advertising has gone from a strategy that many marketers were uncomfortable with to being the primary platform for most companies’ marketing. In the United States., the growth in digital advertising continues to grow by double digits on an annual revenue basis, with 2018 revenue likely to reach nearly $160 billion.
Mobile Advertising
Mobile advertising has been outpacing all advertising platforms in terms of spend. In 2018, it accounted for 70% of all digital advertising. It is estimated that mobile advertising will have a 35% share of all U.S. advertising spend, possibly surpassing TV, the leading ad space. This figure is estimated to reach 50% by 2022. One of the key drivers for this is the increase in mobile commerce.
Programmatic Marketing
Simply explained, programmatic marketing is automated bidding on ad inventory that happens in real time. It allows you to serve up the right ad to the right customer in the right context. Advertisers are able to leverage data to target customers through an automated buying plan on a cross-platform ad exchange. Think of it like a real time stock market for digital advertising. This allows advertisers to target customers with specific demographics on targeted platforms. In 2018, more than $46 billion was allocated to programmatic marketing in the U.S. That’s almost 83% of total U.S. digital display ads that were purchase through automated marketing programs.
Content Marketing
Content marketing is an old trend that has been made new yet again. Due to the fact that many advertisers have struggled to measure the effect of banners and display ads on others’ content, content marketing often serves as an attractive alternative.
In 2018, trends for content marketing revolve around personalization, or the ability to make consumers feel as though you are speaking directly to them. Social media platforms have grown in sophistication to offer greater video capabilities. Twitter is a great example of this. The company placed its bets on live video, mainly wrapped around sporting events. In 2016, Twitter along with its advertising partners, created 600 hours of video for 400 events. Still growing its capabilities, in 2018, the social media platform inked a deal with Fox Sports to stream live shows wrapped around the tournament - a first for Twitter. Video, in general, continues to lead content marketing strategies. According to Content Marketing 2018 Final Call for Boarding, 64% of consumers tend to make a purchase after watching online branded videos.
The Bottom Line
Growth in the digital advertising will continue as technology continues to advance. The new level of demographic data and real-time bidding have ended the need for blindly buying ads. People are also becoming increasingly jaded when it comes to not getting the ROI on their ad spend, forcing companies to convey their brand in creative ways. The future is certainly bright for digital advertising.